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0
Invest in
Remarkable
Rwanda
Be part of something
special
1
Rwanda at
a glance Population size
12.1 million
Official languages
Kinyarwanda,
French, English, Swahili
Literacy/Employ...
2
Rwanda, incredible success story of Africa
2nd
Sources: UN (UN-HDI), World Bank, WEF, Global and Africa Competitiveness ...
3
Economic Transformation from predominant agriculture to
services and industry
Services now
account for
about half of
all...
4
Rwanda has privileged access to markets via four diverse free
trade agreements
EAC free trade agreement
East African Com...
5
Rwanda's immediate proximity market counts 60 Mn+ people...
1. 8 westernmost regions: Kagera, Kigoma, Mwanza, Shinyanga,...
6
Rwanda has achieved remarkable progress and development in
leisure tourism ...
~107%
increase
94,000
park visits
~117%
i...
7
... realized through a supportive, attractive & exciting product
offering
Global visa free regime... ...supportive ecosy...
8
Rwanda is increasingly connected globally and within Africa;
enabling exports and travel for business and leisure
Amster...
9
All 3
0.40M
English
0.59M
0.97M
French
0.54M
0.75M
Kinyarwanda
1.60M
4.47M
0.26M
Urban population only
Total for Rwanda
...
10
Identifying talent: Readily available skills base of
~47,000 graduating students per year
Polytech
20k
VCT
7k
18k 47k
T...
11
Rwanda, ready
platform for business
A resourced, connected platform
12
Enabling business environment for foreign investment
7-year corporate income tax
holiday for large projects in
strategi...
13
Other fiscal incentives
• Accelerated depreciation of 50%
in the first year of asset use for
key priority sectors i.e. ...
14
Housing/real estateManufacturing
TourismBPO and ICTAgriculture and agro-
processing
A wide range of investment opportun...
15
Brownfield opportunities
Business Process
Outsourcing(BPO)
Knowledge
BPO
Establishing training center in
Hospitality
Es...
16
Kigali Innovation City is at the core of Rwanda’s drive for
growth in innovation and technology
KIC
vision
1 $251M in G...
17
18
KIC Real Estate
19
Get started today
For more information, please contact RDB at
Rwanda Development Board (RDB)
KN 5 Rd, KG 9 Ave
P.O. Box...
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Africa Singapore Business Forum 2018 | Rwanda Slide 1 Africa Singapore Business Forum 2018 | Rwanda Slide 2 Africa Singapore Business Forum 2018 | Rwanda Slide 3 Africa Singapore Business Forum 2018 | Rwanda Slide 4 Africa Singapore Business Forum 2018 | Rwanda Slide 5 Africa Singapore Business Forum 2018 | Rwanda Slide 6 Africa Singapore Business Forum 2018 | Rwanda Slide 7 Africa Singapore Business Forum 2018 | Rwanda Slide 8 Africa Singapore Business Forum 2018 | Rwanda Slide 9 Africa Singapore Business Forum 2018 | Rwanda Slide 10 Africa Singapore Business Forum 2018 | Rwanda Slide 11 Africa Singapore Business Forum 2018 | Rwanda Slide 12 Africa Singapore Business Forum 2018 | Rwanda Slide 13 Africa Singapore Business Forum 2018 | Rwanda Slide 14 Africa Singapore Business Forum 2018 | Rwanda Slide 15 Africa Singapore Business Forum 2018 | Rwanda Slide 16 Africa Singapore Business Forum 2018 | Rwanda Slide 17 Africa Singapore Business Forum 2018 | Rwanda Slide 18 Africa Singapore Business Forum 2018 | Rwanda Slide 19 Africa Singapore Business Forum 2018 | Rwanda Slide 20
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Africa Singapore Business Forum 2018 | Rwanda

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Africa Singapore Business Forum, 28 - 29 August
Country Panel Presentation - Rwanda

www.enterprisesg.gov.sg/asbf

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Africa Singapore Business Forum 2018 | Rwanda

  1. 1. 0 Invest in Remarkable Rwanda Be part of something special
  2. 2. 1 Rwanda at a glance Population size 12.1 million Official languages Kinyarwanda, French, English, Swahili Literacy/Employment 70.5% / 83.3% Currency/exchange rate Rwanda Francs (RWF) ~RWF 847/USD Govt. & Parliament Presidential republic Bicameral parliament GDP per capita USD 729 per capita GDP (6 yr growth) USD 8.1bn (7.3% p.a.) Ratings B+, “stable” - Fitch B, “stable” - S&P Sources: World Atlas, World Bank, Fitch, S&P - all 2016 except: population and Fitch rating 2017, exchange rate 2018
  3. 3. 2 Rwanda, incredible success story of Africa 2nd Sources: UN (UN-HDI), World Bank, WEF, Global and Africa Competitiveness Report, ICCA, Global Gender Gap report, Gallup, ICCA, RDB, BSC (majority 2017) fastest growing economy in Africa 2nd in Africa for doing business 6 hrs to register business (fastest in East Africa) 1st in Africa for govt. transparency 5th safest country to walk at night in the world 3rd in the world for women in parliament 4th in the world for gender equality 1st African MICE destination 95% network coverage by 4G fibre 2nd in the world for ICT promotion 1st in Africa for network readiness 1st most improved nation in the world
  4. 4. 3 Economic Transformation from predominant agriculture to services and industry Services now account for about half of all economic activity – yet agriculture still a key sector 14% 17% 44% 48% 30% 0 100 20 40 80 60 38% 4% % 2005 2016 Agriculture Industry Services Subsidies5% Source: RDB Breakdown of Rwanda's GDP by sector (%)
  5. 5. 4 Rwanda has privileged access to markets via four diverse free trade agreements EAC free trade agreement East African Community COMESA free trade agreement Common Market for Eastern and Southern Africa Regional agreements Intercontinental agreements Everything but Arms agreement European Union AGOA free trade agreement United States of America
  6. 6. 5 Rwanda's immediate proximity market counts 60 Mn+ people... 1. 8 westernmost regions: Kagera, Kigoma, Mwanza, Shinyanga, Tabora, Rukwa, Mbeya, Singida 2. 7 southernmost districts: Rakai, Mbarara, Kabale, Kisoro, Rukungiri, Bushenyi, Masaka Source: The World Bank; Interviews with Local Champions; Press Search 60211 11 16 20 0 20 40 60 TotalSouthern Uganda2 Western Tanzania1 Mn people Eastern DRC BurundiRwanda Rwanda's proximity market population, 2016 (Mn people)
  7. 7. 6 Rwanda has achieved remarkable progress and development in leisure tourism ... ~107% increase 94,000 park visits ~117% increase 10,500 hotel rooms ~69% increase 380 flights per week ~103% increase 1,349,000 total visitor arrivals 7 yr change2017 achievement Source: RDB Tourism New tourist sites developed/to be developed since 2016 Already up and running ... 2016 Amakoro Songa Lodge 2016 Five Volcanos 2017 Wilderness Bisate Lodge 2017 Singita Kwitonda Lodge Groundbreaking Coming soon ... 2017 Gihaya Island, Rusizi District resort hotel 2018 One and Only Nyungwe House refurbishment 2018 One and Only Gorilla Nest Lodge and Golf Resort
  8. 8. 7 ... realized through a supportive, attractive & exciting product offering Global visa free regime... ...supportive ecosystem... ...exciting sights & activities Global visa free regime kicked off in January 2018 – visa on arrival for all Network of international standard hotels and increasing flight network Activities range from natural (e.g. gorilla visits) to man- made (e.g. cycling)
  9. 9. 8 Rwanda is increasingly connected globally and within Africa; enabling exports and travel for business and leisure Amsterdam Brussels London Dubai Addis Ababa Doha EntebbeAbidjan Accra Cotonou Johannesburg Bujumbura Brazzaville Nairobi Dar Es Salaam Kilimanjaro Mombasa New York Beijing Mumbai Existing direct connections to Kigali Planned direct connections to Kigali Source: Rwanda Civil Aviation Authority, Expedia Cape Town Harare Lusaka Kamembe Libreville Douala Lagos Abuja Guangzhou CyanguguJuba Istanbul
  10. 10. 9 All 3 0.40M English 0.59M 0.97M French 0.54M 0.75M Kinyarwanda 1.60M 4.47M 0.26M Urban population only Total for Rwanda Number of people fluent at language (aged 16 and above) Population increasingly fluent and/or bi-lingual in Western language Rwandans under 30 years old twice as likely to have fluency than those over 65 years old English as instruction language (from lower primary onwards) was introduced in 2008 Western languages more prominent Note: "All 3" means Kinyarwanda, French & English Source: Rwanda Population and Housing Census In 2012, Mentor Program introduced to support use of English in the classroom In 2014, RTEP was established to send Rwandan teachers to the US for training Government of Rwanda is taking action to further improve language education
  11. 11. 10 Identifying talent: Readily available skills base of ~47,000 graduating students per year Polytech 20k VCT 7k 18k 47k Total 2k GraduateUndergrad Top tier universities have established branches in Rwanda Note: VCT = vocational training (up to three 3 years); Graduate includes advanced degrees, masters, PhD Source: Rwanda Ministry of Education; UN Breakdown of total ICT: ~2,500 Sciences: ~1,200 Engineering: ~2,600 Business & Law: ~2,200 Agri: ~2,700 Health: ~7,700 Education: ~7,400 Arts: ~1,200 Social sciences: ~19,400
  12. 12. 11 Rwanda, ready platform for business A resourced, connected platform
  13. 13. 12 Enabling business environment for foreign investment 7-year corporate income tax holiday for large projects in strategic sectors i.e energy, exports, tourism, health, manufacturing and ICT Minimum required investment of USD 50 Mn Tax holidays 0% corporate income tax for international companies planning to set up regional headquarters in Rwanda Minimum required investment of USD 10 Mn 15% corporate income tax for: • Strategic economic sectors i.e. energy, transport, affordable housing, ICT, financial services • Businesses that export more than 50% of annual turnover of goods and services Preferential corporate income tax rates
  14. 14. 13 Other fiscal incentives • Accelerated depreciation of 50% in the first year of asset use for key priority sectors i.e. tourism, energy, construction, manufacturing, agro-processing, transport etc. • Exemption of capital gains tax on sale or transfer of shares. • Repatriation of capital and assets. • Fast tracking of VAT refunds • Customs duty exemption for special economic zone users Other incentives (fiscal & non-fiscal) Non-fiscal incentives • Quick business and investment online registration • Assistance with tax-related services and exemptions • Assistance to access utilities (water & electricity) • Assistance with obtaining visas and work permits • One stop center that provides notary services • Provision of Aftercare services to fast track project implementation
  15. 15. 14 Housing/real estateManufacturing TourismBPO and ICTAgriculture and agro- processing A wide range of investment opportunities in Rwanda's economic sectors Mining and quarrying Energy/water Infrastructure Knowledge Finance Focus of the day
  16. 16. 15 Brownfield opportunities Business Process Outsourcing(BPO) Knowledge BPO Establishing training center in Hospitality Establishing training center in ICT( Coding, software development) Offer BPO services from Rwanda for both English and French clients( front and backend services) A center to provide employable skills ready for growing market in Rwanda and the region. A center specifically on training in IT programming Sector Project name Short description Note: more details available upon request
  17. 17. 16 Kigali Innovation City is at the core of Rwanda’s drive for growth in innovation and technology KIC vision 1 $251M in GDP contribution in 2016 SOURCE: NISR, Stakeholder interviews World class universities and think tanks – talent for all of Africa ▪ 2,000+ students and researchers ▪ Leading international think tanks e.g., Milken Institute, Peres Center for Peace Tech hub leading Rwanda’s digital transformation ▪ Local understanding to develop solutions for the African market ▪ Knowledge transfer blending international companies and a robust local market Access to agile capital and expertise ▪ $100M Rwanda Innovation Fund ▪ Technology accelerators to drive the next wave of growth Strong GoR commitment ▪ KIC as a flagship government project to drive Vision 2020 ▪ Substantial investment in infrastructure ▪ Significant investor incentives Africa cannot accumulate wealth merely consuming technology produced elsewhere. The purpose of initiatives like Kigali Innovation City is to unlock value by better adopting technology to our economies and social context – H.E Paul Kagame, President of the Republic of Rwanda
  18. 18. 17
  19. 19. 18 KIC Real Estate
  20. 20. 19 Get started today For more information, please contact RDB at Rwanda Development Board (RDB) KN 5 Rd, KG 9 Ave P.O. Box 6239, Kigali, Rwanda Tel (Local): 1415 Tel (International): +250 727775170 General Information: info@rdb.rw Investment-related queries: investorfeedback@rdb.rw Online Business Registration: http://org.rdb.rw/busregonline
  • AlmaWhite1

    Nov. 27, 2021

Africa Singapore Business Forum, 28 - 29 August Country Panel Presentation - Rwanda www.enterprisesg.gov.sg/asbf

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